Executive discretion and corporate performance as determinants of CEO compensation, contingent on external monitoring activities

被引：6
|
作者：
Wright P. [1 ]
Kroll M. [2 ]
机构：
[1] Fogelman College of Business and Economics, The University of Memphis, Memphis, 38152, TN
[2] College of Administration and Business, Louisiana Tech University, Ruston
来源：
Journal of Management and Governance | 2002年 / 6卷 / 3期
关键词：
CEO compensation; Corporate performance; Executive discretion;
D O I：
10.1023/A:1019676314682
中图分类号：
学科分类号：
摘要：
In this paper we discuss the potential impact of managerial discretion and firm performance on CEO compensation, contingent on the extent of monitoring activities. We argue that CEO compensation may be positively related to executive discretion and corporate performance for firms that have vigilant external monitors.We alternatively contend that CEO compensation may neither be associated with discretion nor performance for firms with passive external monitors. The empirical results are supportive of our contentions. © 2002 Kluwer Academic Publishers.
引用
收藏
页码：189 / 214
页数：25
相关论文
共 32 条
  • [1] Bank performance and executive compensation: A managerial discretion perspective
    Magnan, ML
    StOnge, S
    STRATEGIC MANAGEMENT JOURNAL, 1997, 18 (07) : 573 - 581
  • [2] The Determinants of Executive Compensation in US REITs: Performance vs. Corporate Governance Factors
    Ascherl, Claudia
    Schrand, Liesa
    Schaefers, Wolfgang
    Dermisi, Sofia
    JOURNAL OF PROPERTY RESEARCH, 2019, 36 (04) : 313 - 342
  • [3] Executive compensation and corporate performance of energy companies around the world
    Wang, Chaohui
    Zhang, Su
    Ullah, Subhan
    Ullah, Raza
    Ullah, Farid
    ENERGY STRATEGY REVIEWS, 2021, 38 (38)
  • [4] A Literature Review of the Relationship between Corporate Performance and Executive Compensation
    Zhang, Rongrong
    Gao, Jie
    Wang, Xiao
    2015 12TH INTERNATIONAL CONFERENCE ON SERVICE SYSTEMS AND SERVICE MANAGEMENT (ICSSSM), 2015,
  • [5] Executive Compensation, Mandatory turnover and Corporate Performance
    Shi Jinyan
    Chen Tingting
    PROCEEDINGS OF THE 9TH (2017) INTERNATIONAL CONFERENCE ON FINANCIAL RISK AND CORPORATE FINANCE MANAGEMENT, 2017, : 111 - 117
  • [6] Firm performance, corporate governance and executive compensation in Pakistan
    Sheikh, Muhammad Fayyaz
    Shah, Syed Zulfiqar Ali
    Akbar, Saeed
    APPLIED ECONOMICS, 2018, 50 (18) : 2012 - 2027
  • [7] Executive Compensation Gaps, Promotion Probability and Corporate Performance
    Cai Qingfeng
    Chen Jiao
    Zeng Zhirui
    PROCEEDINGS OF 2010 INTERNATIONAL CONFERENCE ON LOGISTICS SYSTEMS AND INTELLIGENT MANAGEMENT, VOLS 1-3, 2010, : 310 - 314
  • [8] Do Corporate Social Performance Targets in Executive Compensation Contribute to Corporate Social Performance?
    Maas, Karen
    JOURNAL OF BUSINESS ETHICS, 2018, 148 (03) : 573 - 585
  • [9] The determinants of corporate social responsibility (CSR) committee: executive compensation, CSR-based incentives and ESG performance
    Eklund, Mehtap Aldogan
    Pinheiro, Pedro
    SOCIAL RESPONSIBILITY JOURNAL, 2024, 20 (07) : 1240 - 1255
  • [10] An Empirical Study on the Relationship between Executive Compensation and Corporate Performance
    Chen, Man-Xue
    Zhang, Chun-Xiao
    Lu, Kang-Yin
    PROCEEDINGS OF THE 2014 INTERNATIONAL CONFERENCE ON ECONOMIC MANAGEMENT AND TRADE COOPERATION, 2014, 107 : 458 - 463
1234